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Financial Advisor magazine highlights Income Lab’s retirement stress test. “Income Lab, a retirement income management software firm, has released a tool to help advisors illustrate to clients the resiliency of their retirement plans against the worst financial disasters in history.”
The Retirement Stress Test shows clients how a crisis will impact a person’s day-to-day life and what spending adjustments they will have to make to guarantee the life of the retirement plan, according to Justin Fitzpatrick, CIO at Golden, Colo.